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REE
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Short description

Developer of electric vehicles with in-wheel motors

Founded in 2011
Founded in

Company type Public Public (REE)
Company type

Industry Group transportation & logistics

Sector vehicle components

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Israel Tel Aviv, Israel
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Updated by Cleantech Group on 03/21/2022

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Date Company
Partnerships
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Date Partner Type
09/18/2024
Motherson Group Motherson Group
Motherson will manage sourcing and supply chain of production parts of REE electric trucks
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Confirmed by Motherson Group
Development Partner
Investment Rounds
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IPO INFORMATION

Date

07/23/2021

IPO status

Listed

IPO Type

SPAC

Amount

Initial shares

Ticker symbol

REE

Exchange listed

Prospectus URL

Prospectus

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Source

Description

REE has agreed to go public via reverse merger with 10X Capital Venture Acquisition Corp.

Date Investors Type Amount
08/20/2021 Advanced Propulsion Centre (APC) UK Advanced Propulsion Centre (APC) UK (1)
Post-money valuation of
This funding will be used to facilitate commercial production of the REEcorner technology and modular EV platforms, including engineering, design, validation, verification, testing and product homologation.
Project Finance $17,000,000
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